The effects of Sustainable Development Index on Economic Complexity in Oil-Exporting Countries

The wealth of nations has been attributed to division of labor and knowledge since Adam Smith. Economists have treated the nations' and the world's economies as complex systems, but it took a decade to develop empirical studies on economic complexity with the growth of data and new models. The number of factors affecting economic complexity is large and one of these factors is sustainable development. Economic complexity is capable of representing the country's production structure. This study introduces sustainable development by fusing economic, social, and environmental factors. The research focuses on oil-exporting countries where sustainability is marked by economic development and the challenges of sustainability in the process of economic complexity, thus, it aims to assess the influence of the combined sustainable development index on economic complexity in oil-exporting countries. The paper uses ۲۰ countries data from ۱۹۹۷ to ۲۰۲۳. The findings indicate that the sustainability index, positively and significantly relate to economic complexity. According to the results, throughout the research period in the ۲۰ selected countries, the economic complexity index of each country rise along with an increase in its sustainability index. In other words, the rising sustainability index in these countries has the potential to facilitate economic development. Examining the Effect of Sustainable Development Index on Economic Complexity in Oil-Exporting Countries.

کلیدواژه ها:

sustainable development ، Economic complexity ، Oil-exporting countries ، Panel Data